“ARM achieved record headline earnings in F2014 and declared an increased dividend of 600 cents per share. Excellent performances from Nkomati and Two Rivers mines as nickel and PGM’s contribution to headline earnings increased significantly.”
Patrice Motsepe, ARM Executive Chairman
Headline earnings per share increased from 1 735 cents per share to 1 900 cents per share.
Increased dividend declared of 600 cents per share.
Costs were well controlled at the Nkomati, Dwarsrivier and Two Rivers mines.
Lubambe Copper Mine produced 23 791 tonnes copper as it continued its ramp-up.
Sakura Ferroalloys Project began construction; R790 million has been spent to date.
The Lost Time Injury Frequency Rate (LTIFR) was reduced from 0.48 (per 200 000 man-hours) to 0.37 in F2014.
Khumani, Black Rock and Dwarsrivier mines each completed more than two million fatality-free shifts.
Continued improvement in the implementation of HIV & Aids and Tuberculosis (TB) management programmes.
Overall employment equity performance is ahead of 2014 Mining Charter targets.
Total Corporate Social Responsibility (CSR) expenditure increased to R283 million.